Business Law – Buying land

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Reference textbook: Essentials of Negotiation 6th edition

Write a paper about 400-600 words.

International Paint Company wants to sell a large tract of land with several facilities on it to U.S. Parts Inc. As acquisitions manager for U.S. Parts, what do you need to know before buying this land, other than that International Paint has good ownership, that your company needs the site, and that the price is right?

  • Why might you need to know the environmental condition of the land?
  • What steps might you want to take before buying the land?